Pakistan Services confirms shareholding agreement with AKD Group

July 23, 2025 (MLN): Pakistan Services Limited (PSX: PSEL) has been informed that Hashoo Group has entered into a strategic arrangement with Mr. Dawood Jan Muhammad and AKD Group in respect of the shares of PSEL.

According to the company's statement to its stakeholders, the current transaction is a financing arrangement representing the initial phase of a process aimed at streamlining and consolidating Hashoo Group’s shareholding in PSEL.

The company clarified that this is not a divestment transaction, and control of Pakistan Services Limited remains entirely with the Hashoo Group and the Hashwani Family.

This transaction marks a significant milestone in the company’s growth and strategic positioning, as per the press release isuued.

The initiative is intended to optimize the company’s structure, improve operational efficiency, strengthen its position in the hospitality sector, and enhance shareholder value through better resource allocation to support long-term growth.

Pakistan Services Limited emphasized that the development will not impact the strategic direction, daily operations, Board of Directors, management structure, or employees of Pearl-Continental Hotels & Resorts.

The company reaffirmed its unwavering commitment to delivering exceptional hospitality services and pursuing its long-term vision of excellence in Pakistan’s hospitality and tourism sectors.

The company also noted that it continues to work closely with its partners to strengthen financial resilience and support sustainable growth, while remaining committed to transparent communication with all stakeholders.

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